Economics B A-Level
Loan
What Loan means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Loan
Check what you remember
Read the wording for your board, then hide it and explain Loan in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A fixed sum borrowed for a specific period, usually repaid in regular instalments with interest, making it suitable for long-term investments.
Topics that use Loan
- Types and sources of credit and the impact of credit within the economy (Pearson Edexcel A-Level)
Related terms
- Aggregate demand
- Business investment
- Financial institutions
- Leasing
- Overdraft
- Share capital
- Trade credit
- Venture capital
Using Loan in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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